Run your South African money the smart way

Income Tax

18-45% brackets.

PAYE

Monthly pay-as-you-earn.

Take-Home Pay

After PAYE and UIF.

UIF

1% capped contribution.

Salary Tax Bracket

Which band you fall in.

Effective Tax Rate (RDP)

Average vs marginal.

Marginal Relief Breakeven

Rebate phase-out.

13th Cheque / Bonus Tax

Year-end bonus PAYE.

Commission Earner Tax

Variable income tax.

Overtime Pay Tax

Extra-hours tax.

Leave Pay Tax

Accrued leave payout.

Retrenchment / Severance Tax

Lump-sum tax tables.

Salary Increase

What you keep.

Tax on Side Income

Extra-earnings tax.

Tax Refund Estimator

SARS refund or owe.

Travel Allowance Tax

Taxable portion.

Subsistence Allowance

Per-diem limits.

Company Car Fringe Benefit

Taxable use value.

Company Car vs Travel Allowance

Which costs less.

Foreign Employment Exemption

Section 10(1)(o)(ii).

Garnishee / Emoluments Order

Wage attachment.

Annual to Monthly Salary

Split a package.

Hourly Rate to Salary

Annualise a wage.

Minimum Wage

National rate.

Sole Proprietor Tax

Self-employed tax.

Freelancer Take-Home

Day-rate to net.

Provisional Tax

Two-payment estimate.

Provisional Taxpayer Status

Do you qualify?

Company Tax

Flat 27%.

Small Business Corporation Tax

SBC sliding scale.

Turnover Tax

Micro-business turnover.

Turnover Tax vs Normal Tax

Which is cheaper.

Directors' PAYE

Deemed remuneration.

Dividend vs Salary

Owner pay mix.

Corporate CGT

Company capital gains.

Small Business Asset CGT

Disposal relief.

Skills Development Levy

1% of payroll (SDL).

Payroll Cost

Total employer cost.

Cost to Company Breakdown

CTC structuring.

VAT

15% add or remove.

VAT Payable

Output minus input.

VAT Registration

R1m threshold.

VAT Flat vs Standard Pricing

Pricing approach.

VAT Margin on Pricing

Margin after VAT.

Transfer Duty vs VAT

Property sale tax.

Retirement Annuity

RA projection.

Pension Fund Projection

Balance at retirement.

Provident Fund

Fund growth.

Preservation Fund

Preserve on leaving.

Retirement Fund Deduction

27.5% / R350k cap.

Two-Pot Contribution Split

Savings vs retirement.

Two-Pot Seed Capital

Opening savings pot.

Two-Pot Withdrawal Tax

Tax on early access.

Retirement Lump Sum Tax

Retirement tax table.

Retirement Withdrawal Tax

Pre-retirement table.

Retirement Commutation

One-third lump sum.

Retirement Income Tax

Tax in retirement.

Living Annuity Drawdown

2.5-17.5% drawdown.

Retirement Savings Gap

Shortfall to target.

TFSA vs Retirement Annuity

Where to save.

FIRE

Financial independence.

Coast FIRE

Coast to retirement.

Lean / Fat FIRE

Frugal or comfortable.

Bond Repayment

Home-loan instalment.

Bond Affordability

How much you can borrow.

Bond Extra Payment

Pay off sooner.

Access Bond

Extra-funds access.

Bond vs Rent

Buy or rent.

Home Loan Deposit

Deposit goal.

Transfer Duty

Property purchase tax.

Property Transfer Cost

Bond + transfer fees.

Municipal Rates

Annual rates bill.

Rental Yield

Gross + net yield.

Rental Income Tax

Net rent taxed.

Property Capital Gains Tax

CGT on a sale.

Compound Interest

Growth projection.

Investment Return

Total + annualised.

Lump Sum vs Monthly Investing

When to invest.

Dividend Reinvestment

DRIP compounding.

Unit Trust

Fund growth.

ETF Fee Impact

Fee drag.

Real Return (Inflation)

After inflation.

Offshore Investment

Rand + foreign growth.

Tax-Free Savings Account

R36k / R500k limits.

TFSA vs Taxable

Tax saved.

Capital Gains Tax

Inclusion rate.

Share Trading CGT

Revenue vs capital.

Dividends Tax

20% withholding.

Foreign Dividend Tax

Effective rate.

Interest Income Tax

After exemption.

Net Worth

Assets minus debts.

Budget

Income vs spending.

Budget (50/30/20)

Needs / wants / savings.

Emergency Fund

Cash buffer.

Savings Goal

Monthly to a target.

Savings Rate

% of income saved.

Debt Payoff

Time + interest.

Debt-to-Income

DTI ratio.

Credit Card Payoff

Clear the balance.

Personal Loan

Repayments.

Loan Affordability

What you can borrow.

Vehicle Finance

Car instalment + balloon.

Fuel Cost

Trip + monthly fuel.

Inflation

Real value over time.

Donations Tax

20% above R100k.

Estate Duty

Tax on an estate.

Estate Liquidity

Cash to settle.

Wealth Tax Projection

Proposed wealth tax.

Life Cover Needs

Cover gap.

Disability Cover

Lump-sum need.

Income Protection

If you cannot work.

Funeral Cover

Burial costs.

Medical Aid Affordability

What you can spend.

Medical Tax Credit

Monthly MTC rebate.

Additional Medical Credit

Excess + out-of-pocket.

Endowment Policy Tax

Five-fund tax.